A Hamiltonian moment for Europe? Demystifying next generation EU and the EU’s recovery funds

The Next Generation EU (NGEU) programme represents a crucial first step towards fiscal mutuality against common shocks in the EU, changing the way the Union finances itself. This is why the LSE European Institute recently hosted a panel event aimed at bringing together experts to explore the design and implementation of the NGEU programme, weighing the positives against the negatives. In this article, Renato Giacon and Corrado Macchiarelli draw together some insights from the panel discussion.